question archive As an incentive, Wilson Enterprises awards an annual bonus to its branch managers
As an incentive, Wilson Enterprises awards an annual bonus to its branch managers
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As an incentive, Wilson Enterprises awards an annual bonus to its branch managers. This year, the bonus for the Glendale branch was P44,000. The bonus agreement provides that each branch manager receives a bonus of 14 percent of the branch income after deductions for the bonus and for income taxes. The income tax rate is 30 percent. Requirement: Determine the income for the Glendale branch before the deductions for the bonus and the income taxes
